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The company has raised £4.2mn so far.
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The EQT Ventures-led investment takes the InsurTech's funding to date to about $40mn. -
Founding CEO Daniel Schreiber said InsurTech firms were “better at the art and science of underwriting risk” than traditional carriers.
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The InsurTechs are promising to launch more collaborations across fintech.
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The funding round was led by VC funds Anthemis Group and Menlo Ventures, bringing total funding to $4mn.
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The InsurTech is planning to open European headquarters in Amsterdam after landing $300mn in funding round.
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Latest funding round brings total financing raised to $42mn.
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The consultant says potential backers in the sector have become more nervous.
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The InsurTech has raised $3.85mn from investors including the specialist AI fund.
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SoftBank injects more cash into the Daniel Schreiber and Shai Wininger-led InsurTech.
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The New York-based company uses technology to help SMEs search, buy and manage insurance online.
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